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Bentz: Retail Is Worse Than You Think

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  • Description

    Kristin Bentz of PMG Venture Group explains how the fiscal cliff could impact consumers.

  • Duration 4:04
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That -- that is -- -- on what's still now to a slightly different.

A topic but they're all related subways in terms of how you think about the economy -- does this change your outlook for holiday shopping and we're gonna talk about the retail season with -- bets now executive director P&G venture group.

And she's with us on the phone this morning I believe from Phoenix haven't talked in a while Kristen how are -- things aren't.

Yeah that was pretty funny right there but I said that Peter he's trying to scares in the that I be fine but the move that the that -- My personal bank more than enough.

It didn't just -- listen to nonsense out of Washington.

Do you think you have any affect it because it was so close to Christmas I doubt it would really you know some business say are not gonna go shopping this weekend to the -- fiscal.

-- deal but at the same time it's it's not the best -- in terms of hey can this government function.

Here's what's gonna -- -- so it Hugh Laurie wage earner but you get a paycheck you battering.

You are going to get -- quite possibly for your employer and notice that your tax implication is going to go up next year it going to eat into your paycheck right.

I'm that's not good news for consumers going in -- super Saturday.

Which -- the last better able -- Actually expect -- been at war in -- all.

And then Black Friday in most cases and I haven't been below wall out there are saying that things are worst -- you think.

Partly helped -- -- and why did you react.

Why I am quite frankly you know there's not have urged you spend.

We -- opening there or -- on Wednesday night spirit and I think giving heed that trash -- -- there really isn't a -- to spend it.

It's -- -- the retailer but not for the consumer that we bring extra ear and even.

And and I'll let you so there really isn't -- cracking -- to get out there.

And expect in the mall -- that I had.

The consumer is really hurting.

You know we didn't decline along with -- savings rate.

So people really aren't spending.

-- much as they you know regional export.

Actually shopper track yesterday up down their numbers for that you act so it's really not -- how you can have a very click -- Because it's basically not -- -- read about how shocking you like every one XP yeah -- all the gonna see I mean parents return.

Once people realize what's going to happen -- -- -- and unfortunately the majority of the country.

That will really impact.

Or how all.

Is the fact they're not going to -- home you know -- indeed the amount of money and everything else is obviously -- income helped.

-- food.

You know everything is going up for and that quicker you know the economy.

Extermination order perspective see you think the big story January.

Might be the fact that people know their taxes are going -- now there.

May be watching this are not paying as close of the tensions they should -- had not exactly sure haven't thought about once again at check and they say why man I'm not making as much as I should be the start taking the Christmas presents back.

-- you think about.

Quality even you know.

I heard Warren -- -- intraday expect me asking how you know it makes you better we had a hell -- leak on the kind of staying in the country.

And you want to go out there and look at Eden and -- someone you love -- make -- go away right.

Make the popular better but you know the majority of Americans.

You know it was league eating there are no but the I don't think they do what would you do now is when you're taking don't want cheer and -- And a lot folks -- typically young Black Friday most people actual purchase -- -- out there celebrating your company that he's the only deal looks great -- the -- purchased -- partners leery holiday.

You know we we -- an hour.

What happened and all things beyond Motley tightening -- Al.

Should she feel guilty -- Take those back -- it -- of this a lot of thought that -- should not cannot be -- I Krista -- the -- -- -- I think it's in effect I think fingers and I are worried oh sorry -- to impose.

Though I -- then she's doing.

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